Zhongxin Finance, February 15. According to the official website of the State Administration for Market Regulation, three departments including the Price Supervision and Competition Bureau of the State Administration for Market Regulation reminded iron ore trading companies not to fabricate and publish false price information.
It is understood that in response to the recent abnormal fluctuations in iron ore prices, the Price Supervision and Competition Bureau of the State Administration for Market Regulation, the Price Department of the National Development and Reform Commission, and the Futures Department of the China Securities Regulatory Commission jointly held a meeting to learn more about the changes in port inventories of iron ore trading companies and their participation in iron ore trading. In the case of ore futures and spot transactions, relevant enterprises are reminded not to fabricate and publish false price information, not to maliciously hype, hoard, or drive up prices, and call on relevant state-owned enterprises to take the initiative to assume social responsibilities and help the government to ensure supply and price stability.
Relevant departments are highly concerned about changes in iron ore prices and will take further effective measures to effectively maintain the normal order of the market.
In the next step, the State Administration for Market Regulation will pay close attention to changes in market prices, and severely crack down on illegal activities such as fabricating and disseminating information on price increases, hoarding, and driving up prices.
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